Pacific Select Variable Annuity has announced a significant update to its prospectus, which may alter the investment landscape for its clients. The changes, effective November 1, 2026, include modifications to underlying fund information and expense structures. This update is crucial as it may affect how investors perceive their options within the variable annuity market.
The Pacific Select Variable Annuity is part of Pacific Life Insurance Company, a California-based entity that specializes in investment products. The company operates under the Central Index Key (CIK) 0000858667 and falls under the investment entity category. Recent filings include a 497VPU form dated October 21, 2026, which details the current changes.
According to the SEC filing (accession number 0001104659-26-117687), the purpose of the supplement is to announce various underlying fund changes. Notably, the subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP. Additionally, Citigroup Global Markets, Inc. has removed specific maximum issue age restrictions for contract issuance and optional benefits as of September 14, 2026.
These changes may impact current and prospective investors who hold or are considering variable annuity contracts. The adjustments in underlying funds and expense structures could influence investment decisions, potentially leading to shifts in how these products are perceived in the market.
Looking ahead, the filing does not specify what actions will follow this update. Investors and financial advisors will need to monitor further communications from Pacific Life to understand the full implications of these changes.